A feature of the third-quarter earnings season in Europe was the number of large corporations reinstating share repurchase programmes. Vodafone and Diageo were prominent examples while Groupe Danone announced new plans to divert surplus cash to buying in stock and BHP Billiton announced a share buy-back on withdrawing its bid for Potash Corp. Tracking this trend, Morgan Stanley notes a doubling in 2010 of the number of companies buying back shares and the volume of transactions compared with 2009.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
